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Jan 21, 2013
01/13
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whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get a president, and i'm very happy about that. host: well, sarah, happy birthday. felicia sonmez, thoughts? guest: politics often playset by press release and statements from one side or the other, that we only see electronically or delivered from floor speeches, but what is interesting about a day like today and the state of the need is that you get to see the reaction real time. the president's supporters were definitely thrilled about everything onstage today. was also interesting was the republican members of congress up there and out they were responding. i was un
whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get...
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Jan 21, 2013
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because the economy has improved, we are moving forward, we can see a very different kind of tone but things are not perfect and there are other issues in the country. we are in a somewhat somber mood again. host: woodrow wilson did not hold inaugural balls because it was too somber occasion? guest: woodrow wilson was a very tough-minded political scientist. he is there one and only ph.d. to serve in the white house. some might say we are a bit on the staid side. i think he was also a somber personality. it is hard to find photographs of woodrow wilson looking charismatic and acted. part of it was that and we should remember that for his second inaugural, world war i was the context and that was serious and difficult times. host: we're talking with professor barbara parry and professor lucane as we continue to look at live pictures from around washington. about 800,000 is the estimate of people coming down to join the president for his ceremonial inauguration. he was officially and constitutionally inaugurated and sworn into office yesterday. today, it is ceremonial and we will begin
because the economy has improved, we are moving forward, we can see a very different kind of tone but things are not perfect and there are other issues in the country. we are in a somewhat somber mood again. host: woodrow wilson did not hold inaugural balls because it was too somber occasion? guest: woodrow wilson was a very tough-minded political scientist. he is there one and only ph.d. to serve in the white house. some might say we are a bit on the staid side. i think he was also a somber...
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Jan 20, 2013
01/13
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for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly constant. host: our first president was sworn in on april 30 in new york city. it has moved back and forth from the east front to other locations on capitol hill. from harry truman through jimmy carter, it was always on the east front of the capital. moved by the congressional committee to the west front in 1985, which is where it remains today. kansas, independent line, good morning. caller: i think it is amazing that we all want to complain about every penny that is spent in washington, d.c., because of the inauguration. this is something special that happ
for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly...
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Jan 19, 2013
01/13
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i want to see our economy recover. i like to see a stronger labor market, fiscal policy address the issue that i mentioned. -- issues that i mentioned. i think that things are moving in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause] i am sure there are a great many questions that have already been shared with our presenters. let me turn the floor to them. >> i master student -- am a master's student. if treasury had mentored a trillion dollars and platinum coin, with the fed have accepted it -- minted a trillion dollar platinum coin, with the fed have accepted it, and what would it mean going forward? >> i am not going to give that any oxygen. [laughter] the treasury and federal reserve over the weekend -- the treasury issued a statement that the federal reserve approved, stating that we did not think this was the right way to deal with this problem. there are legal issues, policy issues. the right way to deal with this problem is for congress to do what it is s
i want to see our economy recover. i like to see a stronger labor market, fiscal policy address the issue that i mentioned. -- issues that i mentioned. i think that things are moving in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause] i am sure there are a great many questions that have already been shared with our presenters. let me turn the floor to them. >> i master student -- am a master's student. if treasury had mentored...
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Jan 19, 2013
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if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if the example of our fathers and mothers will inspire us or condemn us. we must show courage in a time of blessing by confronting problems instead of passing them on to future generations. together, we will reclaim america's schools, before ignorance and apathy claim more young lives. we will reform social security and medicare, sparing our children from struggles we have the power to prevent. and we will reduce taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invi
if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if...
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Jan 18, 2013
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we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the robin hood tax can generate $350 billion -- they have bipartisanship. they're keeping everything off the agenda that is important to us. they have bipartisanship on that. we cannot compromise our principles. we can compromise on taxes, the people have to say, line in the sand. learn that from the labor movement. say, this is a line that you do not cross. we want their jobs back. we want our pensions. we want to raise standards for everyone in america. nurses do not want to discriminate. we want a civil society. we want a society -- where
we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the...
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Jan 18, 2013
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host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton, harrisburg, bernadine no -- san bernardino -- these are the exceptions. we are in fairly good financial shape. the biggest challenges we have a are the same as a lot of others. business, pension debt. that seems to be the one factor of many of these cities. host: how much goes to a pension? how much is taken off the top before you can do anything? guest: in most cities, 70% + goes to public safety or more. 70 plus percent side of any department -- you can imagine what that does to a city budget. in mesa, with a debate on the publi
host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton,...
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Jan 18, 2013
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so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of our real estate not on our tax. our primary comes from our tax sment and our water that serve it is region. we've watched our unemployment decrease, we've out paced the national economy. last year we saw $1.1 billion in national investment. our focus has been on investing in our urban core and doing it together. a great focus on riegism. >> a question to both of you with debt in this country cities do that by floating bonds which explain how that works in mesa, arrest arrest and what that works for and how it's paid off. guest: we like to say
so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of...
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Jan 18, 2013
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economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more
economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still...
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Jan 17, 2013
01/13
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economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more clarity o
economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the...
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Jan 17, 2013
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market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance
market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we...
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Jan 17, 2013
01/13
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because of funding and what it is in today's world and the economy and education, we know how they're strapped. i have four s.r.o.'s at one time. i now have one. that's not a desired situation by the school or by my department. yes to the funding piece. to the mental health piece, the s.r.o.'s, they know the kids. they know when they don't look right. what's going on today? they have friendships and they talk. someone else will say, have you seen his facebook page, or i am being taken down, bullied on facebook and all the things that lead us to mental health issues. and in regard to mental health issues, today, the officer on the street gets called because someone is having an episode of some nature and maybe a family member calls or maybe a co-worker calls or maybe they're just out and about having some sort of episode. the officer comes, evalue waits and determines, something is going on. this person needs to be seen. they've committed no crime a lot of the time, but you can't believe. so they in minnesota and i think this is similar throughout our country execute what's called the
because of funding and what it is in today's world and the economy and education, we know how they're strapped. i have four s.r.o.'s at one time. i now have one. that's not a desired situation by the school or by my department. yes to the funding piece. to the mental health piece, the s.r.o.'s, they know the kids. they know when they don't look right. what's going on today? they have friendships and they talk. someone else will say, have you seen his facebook page, or i am being taken down,...
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Jan 17, 2013
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i think it is more do to the economy. people losing their jobs. they are turning to drugs to make money. crime and violence follows the drugs. guns do youkind of drug own? caller: some rifles, shotguns, and pistols. host: what do you use them for? caller: mostly hunting and target shooting. host: had you ever used one in self protection? caller: know i have not. they are all in a closet in a safe as we speak right now. host: thank you for calling in in this morning. jodi sends in this tweet -- from "politico" this morning -- you have probably heard about the nra had it they have put out. "washington journal >> are the president's kids more important than yours -- [video clip] >> are the president's kids more important than yours? mr. obama demands the wealthy pay their fair share of taxes. he is just another e list hypocrite when it comes to a fair share of security. protection for their kids, and the gun free zones for hours. host: josh in michigan city, indiana. good morning. caller: i have been listening to some of the calls coming in and have
i think it is more do to the economy. people losing their jobs. they are turning to drugs to make money. crime and violence follows the drugs. guns do youkind of drug own? caller: some rifles, shotguns, and pistols. host: what do you use them for? caller: mostly hunting and target shooting. host: had you ever used one in self protection? caller: know i have not. they are all in a closet in a safe as we speak right now. host: thank you for calling in in this morning. jodi sends in this tweet --...
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Jan 17, 2013
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what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room. but if you go to them with a proposition, can we reduce the deficit of $150 billion? can we make the program pay its own way and can we sustain jobs and the solvency of the highway trust fund all in one, i think we'll have something to go on. again, thank you so much for the cary award. we value this and i appreciate the recognition and we want to commitment our -- continue our commitment to research and debate opportunity to share with you the thoughts on this idea. what you heard the secretary say is tony, jack and i are headed out the door. jack and
what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room....
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Jan 16, 2013
01/13
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that is such a serious threat to the economy of this country. you i think saw in the clips this morning that credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: i want to get viewers involved but the credit agencies have said you also need to address spending. guest: that's agreed. we talk about balance. it's balance versus inbalance. balance has to win. host: let's get our viewers involved. junior in virginia, independent caller. hi, junior. caller: mr. levin, why are you standing there telling us stuff that you know is not true ? when are we going to see a budget from this administration? everything you said is untrue? we know it's untrue. host: what did he say specifically that is untrue? caller: blaming the republicans. four years we've been under this -- guest: junior, the administration has presented a budget every year. it's not correct to say they haven't presented a budget. we've been dead locked within the
that is such a serious threat to the economy of this country. you i think saw in the clips this morning that credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: i want to get viewers involved but the credit agencies have said you also need to address spending. guest: that's agreed. we talk about balance. it's balance versus inbalance. balance has to win. host:...
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Jan 16, 2013
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caller: this is all about stimulating the economy and everything. what about the hundreds of manufacturers and their jobs. these people will be out of work. host: josh gets the last word. a reminder you can continue the conversation on line with our facebook page, facebook.com/c-span. also on twitter using the #gun control. coming up this afternoon we'll bring you live coverage of a discussion up on capitol hill, the house democratic steering and policy committee looking at the issue of gun violence. they'll hear from the newtown connecticut school superintendent, and the philadelphia mayor. that's coming up at 2:00 eastern. live here on c-span. we also plan to he show you the president's comments once again this evening at :00 even here on c-span. you can find it in our video library as well. you saw some of the comments earlier from senator patrick leahy, the chairman of the judiciary committee. next up his entire speech and questions from law students at georgetown university, a preview of the judiciary committee's agenda for 2013. >> dean, thank
caller: this is all about stimulating the economy and everything. what about the hundreds of manufacturers and their jobs. these people will be out of work. host: josh gets the last word. a reminder you can continue the conversation on line with our facebook page, facebook.com/c-span. also on twitter using the #gun control. coming up this afternoon we'll bring you live coverage of a discussion up on capitol hill, the house democratic steering and policy committee looking at the issue of gun...
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Jan 16, 2013
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that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget from this administration? everything you said is untrue? where is the budget? this has been four years. guest: the administration has presented a budget every year. it is cannot correct to say we have not presented a budget. the house has presented budgets that almost no democrat could vote for. the senate has a 60-vote requirement has been unable to find common ground within their ranks. they have rejected the house republican budget. it is not correct to say the administration has not provided a budget. host: senate democrats. guest: it takes 60 votes. jun
that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget...
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Jan 16, 2013
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and a lot of the revenue coming into these economies is coming from tourism. they come to see historic structures. they come to see the way that many parts of the northeast were. when we were building the foundation of this country. that money should be made available in whole with federal dollars. mr. frelinghuysen's amendment is right on point. it needs to be included. so i know i'm getting to -- i've got a good speech written to thank you. we've got wonderful staff. but the fact is this is an opportunity -- mrs. lowey: i'm pleased to yield another minute. mr. moran: another minute. thank you, thank you, madam chair. the fact is that this is an opportunity to show what we're all about. do unto others as we would have them do unto us. let's make this money available. let the northeast repair itself, heal itself, get that economy back on its feet, start returning revenue to the federal government. the fact is that these northeast states contribute more to the federal treasury than they get out of the federal treasury. so let's get this done. and we want to rec
and a lot of the revenue coming into these economies is coming from tourism. they come to see historic structures. they come to see the way that many parts of the northeast were. when we were building the foundation of this country. that money should be made available in whole with federal dollars. mr. frelinghuysen's amendment is right on point. it needs to be included. so i know i'm getting to -- i've got a good speech written to thank you. we've got wonderful staff. but the fact is this is...
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Jan 15, 2013
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this is an $16 trillion is greater than our nation's economy exceeding our g.d.p. and we have on the floor floor toda legislation that calls upon our children and grandchildren even greater burdens of debt. it's time to end the credit card economics. we simply cannot afford to spend money that we are borrowing from countries like china on-line items we don't need and constitution isn't authorized to spend. my amendment strips one line item out of this bill. this is really low-hanging fruit. the sandy relief effort was increased by $1 million to boost the legal services corporation, massacre aiding as disaster relief and i thought we had a ban on earmarks in this congress. why is a bailout for new york lawyers emergency hurricane relief, even if you believe this is a legitimate government program which i don't, by the way, how can you argue that spending on lawyers is a legitimate emergency spending? let me say again, for $-- we are $16 trillion in debt, we are $16 trillion in debt, america. we simply cannot afford to continue like this. we cannot keep spending on m
this is an $16 trillion is greater than our nation's economy exceeding our g.d.p. and we have on the floor floor toda legislation that calls upon our children and grandchildren even greater burdens of debt. it's time to end the credit card economics. we simply cannot afford to spend money that we are borrowing from countries like china on-line items we don't need and constitution isn't authorized to spend. my amendment strips one line item out of this bill. this is really low-hanging fruit. the...
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Jan 15, 2013
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we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody needs to shoot straight. i do not know how i will vote on the particular bill. it has only come out in the last day or so. we have not anticipated and planned for these type of natural disasters. you would think we would have budgeted enough. either we're not done a good estimates or we are spending far more than we should. i will be evaluating that. i know there will be some amendments. there are some things that i don't think most americans would not funded. therein lies the challenge. every bill we vote on on typically has some things that are good and
we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody...
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Jan 15, 2013
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we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody needs to shoot straight. i do not know how i will vote on the particular bill. it has only come out in the last day or so. we have not anticipated and planned for these type of natural disasters. you would think we would have budgeted enough. either we're not done a good estimates or we are spending far more than we should. i will be evaluating that. i know there will be some amendments. there are some things that i don't think most americans would not funded. therein lies the challenge. every bill we vote on on typically has some things that are good and
we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody...
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Jan 15, 2013
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i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor to them. quick thank you for your comments chairman bernanke. i am a masters student. the first question is this -- if treasury minted a trillion dollar platinum coin, with the fed have except did it -- accepted it? >> i am not going to give that any oxygen. as you probably know, the treasury and federal reserve -- the treasury issued a statement that we did not think this was the right way to deal with this problem. there are legal issues and policy issues. the right way to deal with this problem, as i said earlier, is for congress to
i want to see our economy recover. i would like to see this -- stronger labor markets, fiscal policy address the issues that i mentioned. there are a lot of difficult issues out there. i do think things are moving, not as fast as we would like, but in the right direction. i am cautiously optimistic about the next couple of years. >> thank you. [applause]as i mentioned, i am sure that there are a great many questions that have already been shared with our presenters. let me turn the floor...
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Jan 15, 2013
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...
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Jan 14, 2013
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banks are important part of the economy and the finance new job growth and the ability of people to buy a home, which is the largest single investment that they will make. we really need for them to be there to help the consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from clifton, virginia. caller: a good time to segue the early seeds being sewn. things like the community reinvestmen
banks are important part of the economy and the finance new job growth and the ability of people to buy a home, which is the largest single investment that they will make. we really need for them to be there to help the consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about...
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Jan 14, 2013
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it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on those other people. [no audio] my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and it would be good for the economy. let me just repeat. if the issue is deficit reduction, getting our deficit sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner in me. we could achieve that fairly quickly. we know what the numbers are and we know what needs to be done. we know what a balanced approach would take and we have done hal
it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on...
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Jan 14, 2013
01/13
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 13, 2013
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we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among the most immediate challenges. we have paid some $15 trillion in payroll tax to take care of social security benefits. how much have we actually used in benefits received by all americans? $14 trillion. we have a one dollar trillion -- $1 trillion in cash. all the trillions of dollars we have paid towards this have earned interest to tehe tune of about $1.5 trillion. $2.5 trillion in unused surplus. why should we cover the cost of tax cuts for the wealthy? >> those monies have been tapped for other priorities. >> that is
we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among...
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Jan 13, 2013
01/13
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immigration, gun violence, the economy. but we need some help from our republican colleagues. >> but to continue your met for. if mom and dad have wildly different views how those priorities should progress, those families are also stalled which is what the difference is philosophically in the the house between the democrats and the republicans. what's different that would make people want to work especially with you've seen the project of the majority in the next elegs? >> mom and dad should talk to the family and neighbors. because as i said before americans are way ahead of the politicians on these things. they are ready for immigration reform they are ready for the fix. they are ready for some prevention measures to stop the gun violence. they are ready for us to do the big deal on the economy. so that we don't get to see millionaires and billionaires hide behind the coattails of the middle class. >> so the difference is is the public pressure will change the dynamic here? >> i hope so because it's become very clear ove
immigration, gun violence, the economy. but we need some help from our republican colleagues. >> but to continue your met for. if mom and dad have wildly different views how those priorities should progress, those families are also stalled which is what the difference is philosophically in the the house between the democrats and the republicans. what's different that would make people want to work especially with you've seen the project of the majority in the next elegs? >> mom and...
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Jan 13, 2013
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and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan over taking the united states. in the 1990's, it was all about the technical -- tech buble. i think the last decade will be remembered for the rise of the bric countries. never before did we see so many countries boom simultaneously. that boom is coming to an end. the rising tide of global liquidity that lifted countries is ebbing. we have to figure out which ones will truly rise and which ones will fail. we need to do it over a reasonable time frame. the timeframe they used to analyze this is 50 or 100 years. my p
and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan...
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Jan 13, 2013
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it is positive for the economy. >> >> we have two questions left. thank you. just a quick to question on their attitude toward investment towards the united states and an accent and if you think that there is going to be more investment in china. the level playing field of from some of they are and announced positive a by the chinese government at? where is your approach from the take on the going forward? what's i do not have an opinion of that. i have not thought much about that. >> they have the above with the engagements are doing? i think kelly from our industry. they operate on a global perspective and a general view is to allow the market to work. there is no expansions in the marketplace. eddy not think i have given it much thought. klutzy i am sorry we cannot accommodate more stories from the phone. this is the last question. >> there will be sunday nominees for the environmental protection agency and the department of energy. there were a couple of big sites one has part of of some here. the expected to be a fight within the energy and of be a and yo
it is positive for the economy. >> >> we have two questions left. thank you. just a quick to question on their attitude toward investment towards the united states and an accent and if you think that there is going to be more investment in china. the level playing field of from some of they are and announced positive a by the chinese government at? where is your approach from the take on the going forward? what's i do not have an opinion of that. i have not thought much about that....